By Yasin Ebrahim
Investing.com - Zoom Video Communications (NASDAQ:ZM) (NASDAQ:ZM) reported Monday second-quarter earnings and revenue that markedly beat consensus estimates as the pandemic-led home-work-from trend boosting demand for video conference software.
The company reported earnings 92 cents, up from 8 cents a year earlier, on revenue of $663.5 million, up 355%, beating estimates for earnings of 45 cents on revenue $500.5 million.
Growth in customers with more than 10 employees jumped 458% year-on-year, the company said.
For the third quarter, the company sees earnings in the range of 73 cents to 74 cents on revenue of $685 million to $690 million.
Shares of Zoom jumped more than 8% in after-hours trading.